{"id":4109,"date":"2025-02-24T04:28:34","date_gmt":"2025-02-24T04:28:34","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/02\/24\/panic-in-turkey-as-major-tourism-industry-shifts-focus-to-greece\/"},"modified":"2025-02-24T04:28:34","modified_gmt":"2025-02-24T04:28:34","slug":"panic-in-turkey-as-major-tourism-industry-shifts-focus-to-greece","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/02\/24\/panic-in-turkey-as-major-tourism-industry-shifts-focus-to-greece\/","title":{"rendered":"Panic In Turkey As Major Tourism Industry Shifts Focus To Greece"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-first=\"I\" itemprop=\"articleBody\">\n<h2 class=\"wp-block-heading\">In a worrying trend for Turkey, one of its largest corporations, Dogus Holding, has sold its 33.75% stake in Athens\u2019 prestigious Astir Palace Hotel to Greek shipowner George Procopiou for \u00a3118 million. <\/h2>\n<p>This follows the December transfer of a 49% stake in Galataport Istanbul, a premium cruise port, to five Turkish banks as part of an \u00a3870 million debt restructuring plan.<\/p>\n<p>This shift is part of a broader trend, with Turkish companies increasingly investing in Greece. According to the Turkish central bank, Turkey\u2019s direct investments in Greece reached \u00a3433 million by 2024, marking a significant rise in recent years, as reported by <em>Turkiye Today<\/em>.<\/p>\n<p>With growing investments and the strategic shift towards Greece, concerns over the future of Turkey\u2019s tourism industry continue to mount.<\/p>\n<p>This marks a substantial rise compared to previous years,\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.turkiyetoday.com\/business\/turkiyes-largest-shipping-company-moves-to-greece-while-tourism-giant-exits-122391\/\" target=\"_blank\" rel=\"noopener\">Turkiye Today reports<\/a>.<\/p>\n<p>Procopiou Takes Full Ownership of Astir Palace Hotel Group<\/p>\n<footer class=\"article-tags entry-footer\">\n<\/footer><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/greekcitytimes.com\/2025\/02\/24\/panic-in-turkey-as-major-tourism-industry-shifts-focus-to-greece\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a worrying trend for Turkey, one of its largest corporations, Dogus Holding, has sold its 33.75% stake in Athens\u2019 prestigious Astir Palace Hotel to Greek shipowner George Procopiou for \u00a3118 million. This follows the December transfer of a 49% stake in Galataport Istanbul, a premium cruise port, to five Turkish banks as part of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Panic In Turkey As Major Tourism Industry Shifts Focus To Greece\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/02\/24\/panic-in-turkey-as-major-tourism-industry-shifts-focus-to-greece\/#more-4109\" aria-label=\"Read more about Panic In Turkey As Major Tourism Industry Shifts Focus To Greece\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2020\/09\/astir1-1024x656-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-4109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/4109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=4109"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/4109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/4110"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=4109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=4109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=4109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}